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Restaurant/cafe for sale

£45,995

5 Stokesway, Gosport PO12

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Property description

Business
Hilton Smythe is delighted to welcome to the market this popular cafe and coffee shop business, which is ideally located within the town of Gosport in Hampshire.

The business was established by our client in 2013 and is only now being offered to the market, due to our client’s other interests. The Cafe currently operates 6 days per week and generates a turnover in the region of £89,000 per annum, with a gross profit of approximately 60%, as per the 2016 accounts.

Our client offers a wide variety of fayre, including full English breakfasts, vegetarian breakfasts, hot & cold sandwiches, omelettes, jacket potatoes, homemade cakes, smoothies, milkshakes and a children’s menu, as well as a selection of hot and cold beverages. Our client also makes celebration cakes to order, for special occasions. The property boasts 59 sq. Metres of floor space, are very well maintained and extremely well fitted out to suit the trade.

The business has built up an excellent reputation within the area for the high quality of the food and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by opening later and taking advantage of the early evening trade. A new owner could also embark on a modest marketing campaign to highlight the excellent fayre and services offered. Our client utilises social media, with a page on the popular website Facebook, which has nearly 1,100 likes, although we feel the business would benefit from a dedicated website to promote the business.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already popular cafe business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.

Location
Lulu’s occupies substantial ground floor premises, ideally located within the town of Gosport in Hampshire. The business is located on the very busy Stoke Road and is surrounded by a wealth of complimentary shops and businesses, including being opposite a busy supermarket, therefore, benefiting from a high volume of footfall and passing trade. The business further benefits from excellent car parking facilities within the area.

Gosport is a town and borough on the south coast of Hampshire. According to the 2011 census, the town had a residential population of 82,622. Gosport is situated on the western side of Portsmouth Harbour, opposite the City of Portsmouth, to which it is linked by the Gosport Ferry. Gosport boasts panoramic beaches, an impressive naval heritage, water sports, scenic walks and historic trails.

The area of the business is very well served by the public transport system, with a bus stop directly outside the property. The nearest railway station is Portsmouth Harbour, which is approximately 1½ miles away. The area is also well served by the a-roads, with the A32 being a short drive away, which links to the national a-road and motorway networks. Lee-on-the-Solent is approximately 3½ miles away and Fareham is 6 miles away.
Premises
Substantial ground floor premises, which is in an ideal trading location, briefly comprising:

Vintage themed cafe with over 33 covers.

Tables and chairs.

Vintage display units.

A unique range of mirrors.

Art work.

Serve over counter.

Preparation area.

Customer WC.

Rear kitchen and dishwasher station.

Utility room.

Staff storage and WC.

Equipment included:

Tables and chairs.

L-shaped serve over counter.

Glass fronted display cabinet.

Over 10 glass cake display stands.

Electronic cash register.

Self-filling hot water boiler.

2 x arm semi-automatic coffee machine with built-in grinder.

Glass fronted drinks refrigerator.

3 x under counter refrigerators.

4 x under counter freezers.

Tall refrigerator/freezer.

Hand wash basin.

Preparation sink.

Buffalo grill.

2 x four slot toasters.

Lincat large commercial fan oven.

5 x ring halogen hob.

Extraction unit.

Microwave oven.

Griddle.

Hot water boiler.

Stainless steel sink unit.

Glass wash machine.

Washer/dryer.

External:

Large secure garage, used for storage.
Tenure
We are advised Leasehold:

Original lease length: 6 years

Remaining lease length: 2 years

Rent: £7,680 per annum
hours
The business is open:

Monday – Friday: 10.00am – 3.30pm

Saturday: 9.00am – 4.00pm

Sunday: Closed
staff
The business is owner run and managed with 4 x part time staff members.
Financial profile
The business generates a turnover in the region of £89,000 per annum, with a gross profit of approximately 60%, as per the 2016 accounts.

What Zoopla users think of Gosport

Overall rating:

  • currently 3 stars
Good - 65% (158 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
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Community & safety
  • currently stars
  • 1
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  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
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  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
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  • 5
Transport & travel
  • currently stars
  • 1
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  • 4
  • 5

Nearby transport

  • Portsmouth Harbour (1.2 miles)
  • Portsmouth & Southsea (2.0 miles)
  • Fratton (2.7 miles)
  • Southampton Airport (14.5 miles)
  • Bournemouth Airport (30.9 miles)
  • Shoreham Airport (36.8 miles)
  • Gosport Ferry Terminal (0.8 miles)
  • Portsmouth Harbour Station Pier (1.2 miles)
  • Portsmouth IOW Car Ferry Terminal (1.3 miles)

Nearby schools

View all schools in Gosport
  • Haselworth Primary School (0.2 miles)
  • Newtown Church of England Voluntary Controlled Primary School (0.3 miles)
  • Leesland Church of England Controlled Junior School (0.4 miles)
  • St Vincent College (0.5 miles)
  • Portsmouth College (4.0 miles)
  • Highbury College (4.5 miles)
  • Bay House School (1.4 miles)
  • Brune Park Community School (1.5 miles)
  • The Portsmouth Grammar School (1.6 miles)
Note: Distances are straight line measurements

Local info for Gosport

About the neighbours in PO12

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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